CSX Co. (NASDAQ:CSX) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in CSX Co. (NASDAQ:CSX - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 908,178 shares of the transportation company's stock after acquiring an additional 248,220 shares during the period. Natixis Advisors LLC's holdings in CSX were worth $29,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co boosted its holdings in CSX by 180.7% in the fourth quarter. Diversified Trust Co now owns 72,197 shares of the transportation company's stock valued at $2,330,000 after purchasing an additional 46,473 shares during the last quarter. Marshall Financial Group LLC acquired a new position in shares of CSX in the 4th quarter valued at about $1,084,000. Carnegie Investment Counsel boosted its stake in shares of CSX by 1.4% in the fourth quarter. Carnegie Investment Counsel now owns 612,051 shares of the transportation company's stock worth $19,751,000 after buying an additional 8,474 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in CSX by 6.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 653,025 shares of the transportation company's stock worth $22,549,000 after acquiring an additional 41,547 shares during the period. Finally, Waycross Partners LLC grew its holdings in CSX by 7.0% during the fourth quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company's stock worth $19,990,000 after acquiring an additional 40,611 shares during the period. Institutional investors and hedge funds own 73.57% of the company's stock.

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CSX Price Performance

CSX traded down $0.41 on Friday, reaching $29.57. 25,368,689 shares of the company's stock were exchanged, compared to its average volume of 11,734,266. CSX Co. has a twelve month low of $28.98 and a twelve month high of $38.03. The stock has a market cap of $56.02 billion, a PE ratio of 16.52, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23. The stock's fifty day moving average price is $32.07 and its 200-day moving average price is $33.39.

CSX (NASDAQ:CSX - Get Free Report) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. Sell-side analysts expect that CSX Co. will post 1.83 EPS for the current year.

CSX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date was Friday, February 28th. This is an increase from CSX's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.76%. CSX's dividend payout ratio (DPR) is 29.05%.

Analyst Upgrades and Downgrades

CSX has been the topic of several recent research reports. BMO Capital Markets lowered their price objective on CSX from $40.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Citigroup lowered their price target on shares of CSX from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of CSX in a research report on Friday, March 7th. They set a "hold" rating and a $34.00 price target on the stock. Susquehanna decreased their price objective on shares of CSX from $40.00 to $39.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their target price on CSX from $34.00 to $33.00 and set a "sector perform" rating on the stock in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.